Published: 2026-09-11T01:40:20.000Z
Chart EUR/USD Update: Threaten retest of 1.1575 support
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Lower in consolidation following rejection from the 1.1655 resistance to threaten a bear flag pattern
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1800 | * | congestion | S1 | 1.1600 | * | congestion | |
| R3 | 1.1740/65 | ** | 19, 6 Feb lows | S2 | 1.1575 | ** | May low | |
| R2 | 1.1710 | ** | Aug high | S3 | 1.1550 | * | congestion | |
| R1 | 1.1655 | * | congestion, 30 Apr low | S4 | 1.1500 | * | congestion |
Asterisk denotes strength of level
01:30 GMT - Lower in consolidation following rejection from the 1.1655 resistance to threaten a bear flag pattern. Break of the 1.1600 level and the 1.1575 support will extend losses from the 1.1710 high to further retrace gains from the 1.1325 June current year low. Lower will see room to support at the 1.1550 and 1.1500 congestion. Meanwhile, break of the 1.1655 resistance is needed to revive the upside focus and clear the way fo retest of the 1.1710 August high. Clearance here, will extend the broader June gains and see scope for extension to strong resistance at 1.1740/65 area and the 1.1800 level.